Skip to content
Two investors reviewing resources on a laptop

Get industry-leading resources — for free

Unlock resources for every investing strategy and stage with a free account.

By continuing, you agree to BiggerPockets LLC's Terms of Use and Privacy Policy

Followed Discussions Followed Categories Followed People Followed Locations
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
Market Trends & Data
Buying & Selling Real Estate
Out of State Investing
Real Estate News & Current Events
Real Estate Technology
Investor Mindset
General Info
BiggerPockets Exclusive PRO Area
PRO
General Real Estate Investing
BPCON
New Member Introductions
Questions About BiggerPockets & Official Site Announcements
Off Topic
Starting Out
Real Estate Success Stories
Real Estate Horror Stories
Real Estate Strategies
House Hacking
BRRRR - Buy, Rehab, Rent, Refinance, Repeat
Commercial Real Estate Investing
Innovative Strategies
Mobile Home Park Investing
Multi-Family and Apartment Investing
Land & New Construction
Wholesaling
Rehabbing & House Flipping
Short-Term & Vacation Rental Discussions
Tax Liens & Mortgage Notes
Medium-Term Rentals
Buying & Selling Small Businesses
Outdoor Hospitality
Landlording & Rental Properties
General Landlording & Rental Properties
Managing Your Property
Marketing Your Property
Tenant Screening
First-Time Home Buyer
Real Estate Professionals
Mortgage Brokers & Lenders
Contractors
Real Estate Agent
Financial, Tax, & Legal
Creative Real Estate Financing
Personal Finance
Private Lending & Conventional Mortgage Advice
Insurance
Tax, SDIRAs & Cost Segregation
Foreclosures
1031 Exchanges
Goals, Business Plans & Entities
Legal & Legislation
Real Estate Classifieds
Classifieds
Real Estate Events & Meetups
Reviews & Feedback
Ask About A Real Estate Company
Real Estate Deal Analysis & Advice
Guru, Book, & Course Reviews
Syndications & Passive Real Estate Investing
Ryan Trexler's profile image
Ryan Trexler's profile image
Ryan Trexler
  • from Agawam, MA
  • Member since Dec 9, 2018

User Stats

12
Posts
1
Votes
Ryan Trexler's profile image
Ryan Trexler's profile image
Ryan Trexler
  • from Agawam, MA
  • Member since Dec 9, 2018
Ryan Trexler
  • Agawam, MA
1
Votes |
12
Posts
Buying & Selling Real Estate

Home equity to buy new home

Ryan Trexler
  • Agawam, MA
Posted

Hello BP,

My wife and I have about 80K of equity in our home. We are also looking to upgrade but would like to keep the current home as a potential rental. 

What is the best way to take the 80K of equity and put it towards the purchase of a new home? Would you also refinance the current home?

Thanks,

Ryan

0 Votes
Follow
6 Replies
Jump to Last Reply
Log In or Sign Up to Reply

Most Popular Reply

Michael Johnson's profile image
Michael Johnson's profile image
Michael Johnson
  • Specialist
  • from Marco Island, FL
  • Member since Jun 6, 2016

User Stats

225
Posts
56
Votes
Michael Johnson's profile image
Michael Johnson's profile image
Michael Johnson
  • Specialist
  • from Marco Island, FL
  • Member since Jun 6, 2016
Michael Johnson
  • Specialist
  • Marco Island, FL
56
Votes |
225
Posts
Michael Johnson
  • Specialist
  • Marco Island, FL
Replied

Just remember new mortgage debt has awesome rates, however home prices are typically climbing because of that. 

1 Vote
Log In or Sign Up to Reply
Sort By:

Loading replies...